KUALA LUMPUR: Air and water filter manufacturer Raya International Bhd has been issued with an unusual market activity (UMA) query by Bursa Malaysia over the recent surge in the volume of the company’s shares.
At 3.20pm, shares of Raya International was up half a sen to 36 sen with 15.9 million shares done.
Bursa Securities advised investors to take note of the company’s reply to the UMA query when making their investment decision.
It had queried Raya International whether there was any corporate development relating to its business and affairs that had not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.
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